Custody and clearing services covers a range of services including equity and fixed income securities settlements, safekeeping, corporate actions, income collection, proxy services, foreign ownership monitoring and disclosure services, cash management, foreign exchange, reporting, and information services to clients.
Jonathan Morris, CEO of Standard Chartered Bahrain, said: “Standard Chartered has operated in Bahrain for 90 years and the launch of custody and clearing services further emphasizes the bank’s commitment to the Kingdom.
“Standard Chartered’s experience and history in the region allows us to provide both local knowledge and global expertise to support our clients’ operations. Today’s announcement is another important milestone in our strategy to embed our Securities Services capabilities in Bahrain.”
Ravneet Chowdhury, CEO of Standard Chartered Oman, said: “The launch will further strengthen the bank’s relationship with our clients in Oman, by ensuring their business needs are meet.”
Julian Gladwin, regional product head of securities services at Standard Chartered, said: “We are pleased with our ongoing drive to continually expand our product portfolio for investors across the region. Our service model designed after extensive consultations with our existing clients based to ensure that we come-up with a distinguished product offering.”
